HomeLettersArticle was fraught with inaccuracies

Article was fraught with inaccuracies

YOUR article “Thumbs up for diaspora housing scheme”, (Zimbabwe Independent, December 17), by Taurai Mushambi contains such gross inaccuracies that despite the disclaimer at the end,

I think it would be unfair for your readers to accept it as resembling anything close to the truth.

I am not sure if the Homelink Housing Development Scheme is as popular as the article suggests. The article asserts that a monthly repayment of £1 175 represents only a quarter of what most people in the UK earn.

It further alleges that with such repayments, the scheme offers Zimbabweans abroad “a cheap source of financing”.

A figure of £1 000 represents a monthly net salary for an average person in the UK. A quick search on the Internet will show that a teacher or a nurse, for example, earns an annual salary of £18 000, which translates to £1 500 per month before tax and other deductions. Even with a second job most people still will not earn a net salary of £1 600.

I hope I am not engaging in a game of figures by losing the essence of the report.

If the scheme is as popular as the report claims, then I think the rates should be competitive. There is no point in offering an exchange rate of $11 000/GBP when the parallel market rate is way above that.

Much as people would love to contribute to the development of the country through such innovative schemes as the HHDS, I do not think people will be lured into schemes that would leave them worse off. It does not need a mathematical genius to work out that it would be better to save the required money in cash over five years, and buy the house in cash instead.

I always depend on you (Independent) to give accurate and reliable information and respect you for giving the government credit when it deserves it. In this instance, however, I think you got it wrong and I think you owe an apology to your readers.

I hate to entertain the idea that your reporters too have become willing tools to be used by the oppressive and unpopular regime to distort the truth and twist facts in a vain attempt to gain some credibility in the minds of right-thinking Zimbabweans.

I believe you are smarter than your colleagues at the state-controlled newspapers.

Hudson Taivo,

United Kingdom.

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